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SOLD
$11,500,000
Andrew Levine

New York

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MultiFamily43,200 SF
Sold 01/13/2015
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Property Image
SOLD

506 510 West 150th Street

506 510 West 150th Street

See Similar Deals
MultiFamily43,200 SF
Sold 01/13/2015
Andrew Levine
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$266
Total Square Footage:43,200 SF
Lot Square Footage:4996 SF
Transaction Type:Sale

The property asset involved in this transaction is a multifamily building located at 506 510 West 150th Street in the New York market. The sale occurred for a price of $11,500,000.00, encompassing a total square footage of 43,200.0.

Summary of transaction details:

This transaction included key individuals such as the buyer Moses Mizrahi and brokers Josh Lipton and Andrew Levine, both representing the deal through Invictus. Their roles were instrumental in facilitating the transaction for the multifamily asset.

Players

Andrew Levine
67 deals$453.3M volume(212) 596-7570
BROKER

Josh Lipton
Invictus Property Advisors
103 deals$1.3B volume
BROKER

Details

SOLD
IMAGE: 01/13/2015 ADDRESS: 506 510 West 150th Street MARKET: New York ASSET TYPE: MultiFamily BROKERS: Josh Lipton(Invictus), Andrew Levine(Invictus) BUYER: Moses Mizrahi PRICE: $11,500,000.00 SF: 43200.0

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$613,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$40,857.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,515.87
Annual Debt Service$654,190.40